Credit Bubble Dynamics: The Bursting of an Historic Bubble
Comment of the Day

April 10 2019

Commentary by Eoin Treacy

Credit Bubble Dynamics: The Bursting of an Historic Bubble

Thanks to a subscriber for this report by Doug Noland, formerly of Prudent Bear, not at McAlvany. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subcsriber's Area. 

I feel a strong emotional identification with this argument. Surely it makes sense that continued bouts of credit creation will eventually result in the debts coming due and a massive round of defaults resulting in crashes for multiple asset classes? The increasingly vocal concerns about inequality and the rise of populism as a response to that are very real and likely to continue to be a factor that needs to be incorporated in our thinking. The biggest question is how urgent are the warnings?

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